Common use of Deficiency Clause in Contracts

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 24 contracts

Samples: Security Purchase Agreement, Security Agreement (Petro River Oil Corp.), Security Agreement (Petro River Oil Corp.)

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Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 5.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 12 contracts

Samples: Credit Agreement (United Stationers Supply Co), Pledge Agreement (Enhance Financial Services Group Inc), Credit Agreement (Cygne Designs Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 4.04 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 4 contracts

Samples: Security Agreement (VPR Brands, LP.), Security Agreement (Xg Sciences Inc), Security Agreement (True Drinks Holdings, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 hereof 6.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company Restricted Companies shall remain liable for any deficiency.

Appears in 4 contracts

Samples: Credit Agreement (Nextel Communications Inc), Credit Agreement (Nextel Communications Inc), Credit Agreement (Nextel Communications Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 5.5 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Credit Agreement (Iron Mountain Inc), Credit Agreement (Iron Mountain Inc), Credit Agreement (Iron Mountain Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 4.03 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Security Agreement (Renovaro Inc.), Security Agreement (Enochian Biosciences Inc), Security Agreement (Theralink Technologies, Inc.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 4(e) hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Security Purchase Agreement (Safety Quick Lighting & Fans Corp.), Security Agreement (Debt Resolve Inc), Subscription Agreement (Beijing Med Pharm Corp)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Credit Agreement (Cambrex Corp), Credit Agreement (Cambrex Corp)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured ObligationsLiabilities, the Company shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Security Agreement (Mac Filmworks Inc), Security Agreement (Mac Filmworks Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 hereof 5.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Purchase Agreement (Particle Drilling Technologies Inc/Nv), Purchase Agreement (Particle Drilling Technologies Inc/Nv)

Deficiency. If the proceeds of sale, collection or other ---------- realization of or upon the Collateral pursuant to Section 4.05 5.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Tech Electro Industries Inc/Tx)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 5.06 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Note Purchase Agreement (Energy Network Inc)

Deficiency. If the proceeds of sale, collection collection, foreclosure, or other realization of or upon on the Collateral pursuant to Section 4.05 hereof are insufficient to cover the costs and expenses of such realization realizing on the Collateral and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Note Purchase Agreement (H&r Block Inc)

Deficiency. If the proceeds Proceeds of sale, collection or other realization of or upon the Security Agreement Collateral pursuant to Section 4.05 hereof 5.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Northeast Generation Co)

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Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company Customer shall remain liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Xm Satellite Radio Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 3.07 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Security Agreement (Azco Mining Inc)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 4.5.1 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Pledge Agreement (BMP Sunstone CORP)

Deficiency. If the proceeds of the sale, collection or other realization of or upon all or part of the Collateral pursuant to Section 4.05 hereof the provisions of this Agreement are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Management Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Management Services Agreement (Advanced Health Corp)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 5.01 hereof are insufficient to cover the reasonable costs and reasonable expenses of such sale, collection or other realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Pledge and Security Agreement (Sinclair Broadcast Group Inc)

Deficiency. If the proceeds of sale, collection or other ---------- realization of or upon the Collateral pursuant to Section 4.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Pledge Agreement (Griffon Corp)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Loan and Option Agreement (Long Blockchain Corp.)

Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 Sections 5.05 or 5.06 hereof are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Company shall remain liable for any deficiency.

Appears in 1 contract

Samples: Pledge and Security Agreement (Vector Group LTD)

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